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Malaysian palm oil futures fell for a fifth straight week, with the benchmark contract at RM2,604 on Thursday. Exports for November declined by 5.3 to 7.5 percent according to cargo surveyors, while output rose 12.9 percent month-on-month in October.
Rising output and softer exports build Malaysian stockpiles, which weigh on palm oil prices and reduce the appeal of palm-based fats in feed formulations.
theborneopost.comsuperuserDec 1, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
